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Fully Accredited Interior & Exterior Commercial Decorating Company

Businesses for Sale

Sale Memorandum

Fully Accredited Interior & Exterior Commercial Decorating Company


Ref.GB059

Location West Yorkshire

Asking Price £ 350,000

Confidential offered for sale

Asking price includes:

Consistent turnover in excess of £1.2 Million p.a.
Gross Profits circa £320,000 p.a.
Over 10 years successful trading
A trusted and highly respected reputation in the industry
Substantial blue chip customer base with national coverage
Huge opportunities and expansion capabilities
Fleet of 11 well maintained company vans
All plant, machinery and stock
Qualified and highly skilled workforce
PDA Membership
Sustained and steady growth pattern
Excellent profit margins
Fully relocatable
Leasehold property
Strong Order Book
Turnkey operation
Handover and training
Goodwill
Website
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

Established in 1997, this business is a highly reputable and reliable painting and decorating company providing professional interior and exterior services to the commercial decorating industry. The business prides itself on offering a no nonsense professional service backed by over 20 years experience in the trade. This business works in the commercial sector for a wide and very impressive client base that includes large construction companies, small builders and very many commercial clients who have large numbers of premises that require ongoing maintenance and decoration programmes on a national scale. These include some of the largest accountancy firms in the country as well as large hotel chains.

For its Clients this business undertakes all aspects of commercial painting and decorating both, internal and external. These services include:

• Fine and contract wallcoverings
• General decorating of offices and factories
• Multi-colour and special sprays effects
• Broken colour effects

All staff are highly skilled and well trained, CIS accredited and are permanently employed by the business – many having been with the organisation for a number of years. The staff are a key strength of the business and they ensure that the company provides a consistent level of high quality workmanship each and every time as well as a flexible and personal approach to every contract they undertake, whatever its size.

This business prides itself on the professionalism it brings to every task, however complex or simple it may be. All staff wear ‘painters whites’ and are friendly and courteous . It has an excellent Health and Safety records , whilst still completing contracts quickly and efficiently.

This commitment to the highest standards of workmanship together with a clear understanding of the needs of its Clients has resulted in the business experiencing exceptionally high levels of customer retention with many clients remaining with the company and using its services on an ongoing basis. As a result, even when tendering, which it is not always required to do, this business wins jobs when it certainly is not the least cost option.

The company has a strong order book and has performed consistently well throughout its existence to date with good growth patterns in both turnover and profitability. It represents an excellent opportunity to acquire a financially sound and profitable business with an extremely loyal customer base, not to mention a highly skilled workforce.
Equipment:

The company owns an array of high quality plant, machinery and specialist equipment that enables it to carry out its services. It also has a fleet of 11 well maintained vehicles including transit vans.

Customer Service:

The company’s mission statement is centred on providing a high quality yet competitive service to its customers in a professional and efficient manner. This approach, together with the company’s expertise and knowledge, is the basis for its excellent customer service levels. This is illustrated by the very high customer retention levels the business achieves and its membership of the Paint & Decorator Association(PDA).

Key Strengths:

One of the real strengths of this business is its reputation and this comes from the technical and practical skills of all its personnel. Its ability to complete projects to the very highest standards in very short periods of time is a real advantage and ensures continued client satisfaction. With an excellent pool of tradesmen to call upon, this business can dedicate lots of staff to each Client project – even when working on behalf of two or three Clients at a time.

This commitment to quality of work and speedy service has enabled this business to build up an excellent, broad, longstanding and regular Client base who are very loyal to the business because of its ability to service their own needs personally and effectively.

Having built an excellent reputation within the industry this business enjoys strong word of mouth recommendation and referral business is common.

Growth and Expansion:

There are many avenues for future business growth. The business has to date concentrated on its core commercial services. It regularly gets requests to provide complimentary services including partitioning, suspended ceilings, intermescant steel works, not to mention the highly lucrative contract cleaning services required once the finishing trades are completed on site. At present it has never really pursued these opportunities but they could certainly represent significant revenue streams to a new owner.

Key Opportunities:

With a strong and consistent demand for the services of this business, combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy, will have every advantage of building on this excellent platform. One further opportunity for the business in addition to those already mentioned could be expanding its operation to cater for the residential market as well as the commercial sector it currently serves so effectively. This again would provide additional revenues.

Although this business can already boast an impressive and extensive Client list it could certainly expand upon this by taking a more proactive approach to sales and marketing. Additional turnover could also be secured by extending into the commercial management sector by working even closer with Facilities Management on refurbishments to provide a complete package of programmed decoration and maintenance on a long term basis.
Premises:

The business is currently in leasehold premises of circa 3000 square feet. The offices are located on the first floor and are modern and well equipped . There are 3 offices in total with archive room and toilets. The ground floor is general storage and workshops. The building has roller shutter door access, parking and is secure. It is close to the town centre. All services are connected to the building.

Business Hours:

As required

Security:

The building is fully alarmed and has roller shutter doors and window grills.
Advertising and Marketing:

With an excellent reputation built up over a number of years and with a regular Client base, this business has little need of advertising. It does have a website but this could certainly be enhanced to make better use of its internet presence. A more proactive approach to the marketing of the business would result in further opportunities to the business.
Financial profile:
The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

A highly successful business, this company has showed impressive results to date. Sales have been consistent for the last few years with turnover in excess of £1.2 Million each year. Gross Profits in excess of £320,000 p.a. The business is very well positioned to continue this already impressive success story.
Employees:

The Owner is responsible for the day-today management of the business with the assistance of an experienced estimator and secretary, all of whom are full time.

This business currently employs twenty tradesmen, all of whom are suitably accredited and qualified and have been working with the business for a number of years.
Support and Training

Full training and handover will be provided as necessary
Reason for Sale:

This is a genuine retirement sale with the current owner wishing to move abroad.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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